Scope of the Study
Self-consolidating concrete (SCC) is also known as self-compacting concrete, is a mixture of concrete with moderate viscosity, low yield stress, segregation resistance, high deformability for ensuring uniform suspension of solid particles. Self-consolidating concrete doesn’t require vibration processes in laying is fueling the growth of the market. Additionally, self-consolidating concrete creates very less noise in the construction activities, and increasing government funding for developing transportation infrastructure are the major drivers for the operating market. However, high raw material cost, self-consolidating concrete requires high fluidity in tight joints formwork and continuously fluctuation in the prices of raw material are the factors that have been limiting the overall growth of the market.
The market study is being classified, by Application (Columns (Drilled Shaft, Metal Decking), Concrete Frame and Others) and major geographies with country level break-up. According to AMA, the Global Self Consolidating Concrete market is expected to see growth rate of 5.98% and may see market size of USD13.9 Billion by 2024.
CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim Limited (Switzerland), Tarmac (United States), Sika Group (Switzerland), BASF SE (Germany), ACC Limited (India), Unibeton Ready Mix (United Arab Emirates) and UltraTech Cement (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kilsaran (Ireland), Breedon Cement (United Kingdom) and Sika Group (Switzerland).
The global self-consolidating concrete market was highly concentrated to very few players including CEMEX S.A.B. de C.V., LafargeHolcim Limited, Tarmac, Sika Group, BASF SE and few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in self-consolidating concrete manufacturing has favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, the global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in moderately competitive environmentThe Vendors having a strong hold in the market are CEMEX S.A.B. de C.V., LafargeHolcim Limited, Tarmac, Sika Group, BASF SE. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Self Consolidating Concrete market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Self Consolidating Concrete market by Type, Application and Region.
On the basis of geography, the market of Self Consolidating Concrete has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. If we see Market by Raw Material, the sub-segment i.e. Cement will boost the Self Consolidating Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type Of Design Mix, the sub-segment i.e. Powder Type will boost the Self Consolidating Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Infrastructure will boost the Self Consolidating Concrete market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Demand for Self-Consolidating Concrete as Non-Requirement of Vibration Processes in Laying
- Self-Consolidating Concrete Creates Very Less Noise in the Construction Activities
- Increasing Government Funding for Developing Transportation Infrastructure
Market Trend
- Rising Adoption of Low-Fines Self-Compacting Concrete Such As Smart Dynamic Concrete for Construction
Restraints
- High Raw Material Cost
- Continuously Fluctuation in the Prices of Raw Material
Opportunities
- Low Maintenance and Repairing Cost Implies, High Reduction in Overall CostMarket Trend
- Increasing Mega Construction Project across the Globe
Challenges
- Intense Competition among Established Players
- Self-Consolidating Concrete Requires High Fluidity in Tight Joints Formwork
Key Target Audience
Self-Consolidating Concrete Producers, Raw Material Suppliers, Suppliers and Distributors, Private Research Organization, Government Association, Potential Investors and Others
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